American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures AHOTF

Bad News Bears

[Konaboy]

There is a bit of a balloon coming on the debt front in 2024, timing not disclosed.  Otherwise their interest rates are quite reasonable.  Hopefully later in year and there might be visibility to some interest rate declines.

AFFO payout ratio as per Q2 reporting was 44.8% - no flags here.

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Term loans and revolving credit facility (continued): (b) Principal payments: Future principal payments, excluding amortization of marktomarket adjustments and debt financing costs, payable within the next five fiscal years on the outstanding term loans and revolving credit facility are as follows:         
2023  $ 20,073
2024   272,582
2025   55,662
2026   58,765
2027   235,864     
Total   $ 642,946

[flamingogold]

Banks will work with them. The company is doing well, they just got caught in the midst of one of the fastest rate tightening cycles in history. Same can be said for over a third of all current homeowners who hold record levels of debt. Thanks to Freeland who greenlit a change to banking rules last Spring, banks were allowed to extend the amortizations of many homeowners who, due to the rapid